# Test 2: Pooled Monetary Union Interaction

Pooled union = EMU (19) + CFA (14) + ECCU (8) + CMA (4) = 1817 obs

| DV | Z₁×EMU only | p | Z₁×Any Union | p | N |
|---|---|---|---|---|---|
| ca_gdp | -115.976 | 0.213 | -15.524 | 0.662 | 7624 |
| gross_savings_gdp | -82.102 | 0.291 | -28.695 | 0.506 | 6642 |
| gross_investment_gdp | -5.397 | 0.922 | -8.306 | 0.747 | 6620 |
| nfa_gdp | -0.485 | 0.959 | 2.350 | 0.571 | 7712 |

*Does pooling all monetary unions provide enough power to detect the union interaction?*
